While fundamental analysis indicates how the economy is currently doing and which industries are growing best, technical analysis focuses more on creating charts and following trends. This strategy forecasts stock prices through price charts and market statistics [4]. It goes off the theory that price movements are not random and that price changes are caused by an imbalance between supply and demand [3]. The factors used by technical analysis disregard the fundamental reasons why the stock price is changing and look for historic patterns to predict future movements [3]. The stock market goes through ups and downs known as trends and these trends predict when traders buy or sell under technical analysis based investing. Many professional traders will use a combination of both fundamental and technical methods. For example, an investor could use fundamental analysis to choose an industry or company and technical analysis to decide when exactly to buy and sell [4].